Category Archives: Free Pokies

Fantasy Aces’ situation seems to be alarming for its customers that are unable to withdraw their funds. Then the states that have regulated DFS have a duty to prosecute if the stricken company has co-mingled customers’ funds with operating costs.

Alarmingly for players, it seems from the bankruptcy filing that the company is unable to pay more than $1 million of players’ funds, and it has co-mingled customer money with its operating expenses.

‚The Fantasy Aces team truly regrets to announce that we are unable to sustain our site and company operations January that is effective 31st, filing for protection under Chapter 7 bankruptcy law,’ the company told its clients on Wednesday.

‚After spending over a year attempting to secure long-term capital, including recent negotiations with two notable companies which subsequently failed to close, we are left by having an unresolvable economic burden. We have unfortunately exhausted every possible financial option with no success,’ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections and also the dependence on operators to segregate player funds was a major driving force behind states taking actions to regulate the DFS industry this past year.

A Wisconsin fantasy that is daily (DFS) will soon make its way back in to hawaii capital in Madison should a lawmaker stay true to his word.

At only 31 years old, Wisconsin State Rep. Tyler Vorpagel could be better likely than their legislative seniors at understanding the need to regulate daily dream activities.

State Rep. Tyler Vorpagel (R-District 27) revealed his plans this week to renew efforts to classify the online contests as skill-based engagements. The assemblyman believes outcomes of DFS games depend more heavily on a person’s knowledge and skill than pure fortune.

Speaking having a FOX that is local in Milwaukee, Vorpagel said he does not think DFS constitutes gambling. The politician explained he will soon reintroduce legislation to completely authorize dream recreations in the Badger State.

In the meantime, the online contests continue to be offered in Wisconsin. And though the NFL season is officially over, the 2 biggest DFS players, DraftKings and FanDuel, are continuing to offer games on basketball, tennis, soccer, and more to Wisconsin natives.

Second Go Around

It ended up being a year ago last month that vorpagel first introduced a bill to legalize dfs.

Assembly Bill 800 desired to force fantasy that is daily like DraftKings and FanDuel to register with the state’s Department of banking Institutions. The certification process might have include a price that is one-time of $150,000, and annual renewa Read More